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Residential Carpet Roll Market Size
- Report ID: GMI9935
- Published Date: Jun 2024
- Report Format: PDF
Residential Carpet Roll Market Size
Residential Carpet Roll Market size was valued at USD 16.8 billion in 2023 and is anticipated to register a CAGR of 3.5% between 2024 and 2032. The market is rapidly evolving, driven by a confluence of factors such as the rising trend of home renovations in developed economies, growing urbanization, increasing aesthetic appeal, and preference for comfortable living.
There is a surge of home renovations in developed economies, driving the growth of residential carpet rolls. According to the Home Improvement Research Institute, USD 427 billion was spent on renovations and improvements in the U.S. alone in 2022. Flooring is a prime focus as renovations often target interior improvements. Carpets offer a comfortable, stylish, and relatively affordable flooring option compared to hardwood or tile. This makes them a popular choice for homeowners looking to enhance the aesthetics and functionality of their homes during renovations, thereby driving the demand for residential carpet rolls.
According to a survey by Houzz, a leading platform for home remodeling and design, over 75% of homeowners planned to renovate their homes in 2021, with flooring upgrades being one of the top priorities. Carpet installations are particularly popular in bedrooms, living rooms, and family rooms where comfort and aesthetics are crucial factors for homeowners.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Residential Carpet Roll Market Size in 2023: | USD 16.8 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 3.5% |
| 2032 Value Projection: | USD 22.9 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 135 |
| Tables, Charts & Figures: | 49 |
| Segments covered: | Product Type, Material, Pile Height, Thickness, Design, Price Range, Application, Distribution Channel |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Additionally, the growing awareness about environmental sustainability has prompted a shift toward eco-friendly flooring options, including carpets made from recycled materials or those with minimal environmental impact.
A major concern for residential carpet roll manufacturers is the shifting preference toward hard flooring. Hard floors, such as laminate or tiles, are generally perceived as easier to clean and maintain compared to carpets. They often require just sweeping, mopping, or vacuuming, making them ideal for busy households. Also, carpets can trap dust mites, pet dander, and other allergens. Hard floors minimize these allergens by providing a less hospitable environment for them to thrive. High-quality hard floors can be incredibly durable, especially in high-traffic areas such as kitchens or entryways. They are less susceptible to wear, and tear compared to carpets, potentially offering a longer lifespan.
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Residential Carpet Roll Market Scope
